The situation is serious! Modi’s appeal, Trump’s decision, crude oil prices will have a triple effect on the market? Now…

• Inflation on a global scale
• Tensions between the US and Iran
• Global market conditions

Modi Appeal Trump Decision Impact : Many major factors are likely to influence the stock market on Monday. Prime Minister Narendra Modi has urged people to prioritize working from home for the time being, postpone international travel for the year and refrain from buying gold. But as a result, shares of companies such as Titan, Senko, Kalyan Jewelers and Indigo were seen falling. Meanwhile, crude oil prices rose around 3.5% after US President Donald Trump rejected Iran’s peace proposal. Brent crude oil prices have also risen and crossed the $105 per barrel mark. These developments will have an impact on both the global markets and the Indian market. As a result, inflation will flare up at the global level. Due to this, the life of common people has become difficult.

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Tensions between the US and Iran

According to media reports, Iran demanded that the US lift all sanctions, end oil export restrictions and lift the blockade imposed by the US Navy. But if these conditions are fulfilled, Iran also clarified that it will help to reopen the ‘Strait of Hormuz’. But Iran has refused to accept key US demands regarding its nuclear program and uranium stockpile. Because of that, at present, everything is seen as a mess. There is an atmosphere of fear due to all these situations, what will be the exact effect of all this at the global level.

Asian market conditions

In all this, the statement made by Benjamin Netanyahu is important. He said that the conflict with Iran is not yet completely over and that there is still work to be done to dismantle its nuclear sites. In the wake of these reports, Asian markets witnessed mixed trading. The ‘Hang Seng’ index was down 0.31 percent to trade at 26,310 points, while the ‘Shanghai’ index showed a slight decline and was trading at 4,179 points. The Nikkei closed down 0.21 percent, while the Kospi closed with a strong gain of 4.41 percent.

US market steady

Transactions in US markets have also remained largely stable. The Dow Jones closed with marginal gains, while the ‘S&P 500’ and ‘Nasdaq’ registered significant gains. Due to these global cues, ‘GIFT Nifty’ is currently trading at 24,055, a fall of 179 points.
‘Nifty’ closed lower on Friday; If this weakness continues today, the 24,000 and then 23,800 levels are expected to act as important support areas. Conversely, a strong barrier zone remains between the 24,300 and 24,500 levels. For ‘Bank Nifty’, a level of 55,000 will be crucial. Additionally, investors keep a close eye on the quarterly results of companies like ‘Bank of Baroda’, ‘Bank of India’ and ‘Swiggy’.

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